Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Down – Should You Sell?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s share price gapped down before the market opened on Monday . The stock had previously closed at $30.68, but opened at $29.62. Direxion Daily PLTR Bull 2X Shares shares last traded at $32.69, with a volume of 2,420,304 shares changing hands.

Direxion Daily PLTR Bull 2X Shares Price Performance

The business has a fifty day simple moving average of $34.99 and a two-hundred day simple moving average of $47.73.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Several large investors have recently added to or reduced their stakes in the business. Simplex Trading LLC purchased a new stake in Direxion Daily PLTR Bull 2X Shares during the fourth quarter valued at approximately $58,000. Wealth Watch Advisors INC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth $111,000. Kestra Private Wealth Services LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at $205,000. Hoey Investments Inc. grew its position in shares of Direxion Daily PLTR Bull 2X Shares by 724.0% during the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after acquiring an additional 1,810 shares during the period. Finally, Ausdal Financial Partners Inc. purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter worth $466,000.

About Direxion Daily PLTR Bull 2X Shares

The Direxion Daily PLTR Bull 2X Shares (PLTU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Palantir Technologies Stock. PLTU was launched on Dec 11, 2024 and is issued by Direxion.